Bath & Body Works, Inc. (BBWI) Tops Q4 EPS by 19c, provides outlook

Bath & Body Works, Inc. (NYSE: BBWI) reported Q4 EPS of $2.06, $0.19 better than the analyst estimate of $1.87. Revenue for the quarter came in at $2.91 billion versus the consensus estimate of $2.84 billion.

2024 Outlook

For fiscal 2024, the company is forecasting net sales to range between a decline of 3.0% to flat relative to $7.429 billion of net sales in fiscal 2023. The 53rd week in fiscal 2023 represents a headwind of approximately 100 basis points to net sales growth in fiscal 2024. Full-year 2024 earnings per diluted share is expected to be between $3.00 and $3.35, versus the consensus of $3.34, compared to $3.84 and adjusted earnings per diluted share of $3.27 in fiscal 2023. The company’s full-year outlook includes the anticipated impact of approximately $300 million of cash deployed towards share repurchases.

For earnings history and earnings-related data on Bath & Body Works, Inc. (BBWI) click here.

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